Source: Belfast Telegrapg

Thursday, April 05, 2007

By Andrew Grice

Gordon Brown has been accused of claiming falsely that the private finance initiative (PFI) provides good value for money for the public sector.

A team from Edinburgh University studied Treasury statements about the success of PFI and discovered the evidence to be "either non-existent or false".

The findings follow criticism by the Confederation of British Industry that the Treasury minister Ed Balls, a close Brown ally, misrepresented its stance on the Chancellor's decision in 1997 to abolish pension funds' right to reclaim the tax deducted from share dividends.

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Posted by pichu at April 5, 2007 3:55 PM